If Demand for Socks Is Given by the Equation P

question 37

Multiple Choice

If demand for socks is given by the equation P = 32 - 5Q,the price elasticity of demand when P = $2 is

• A) 5.
• B) 2.
• C) 0.5.
• D) 0.2.
• E) 0.067.

---

Definitions:

Genetic Bottleneck

A significant reduction in the genetic diversity of a population due to a large decrease in its size, potentially affecting its survival and evolution.

Mitochondrial DNA

The DNA located in mitochondria, the energy-producing structures within cells, inherited only from the mother and used to trace maternal lineage.

Mutation Rate

The frequency at which new mutations occur in a genome over a particular period of time, influencing genetic variation within populations.

Allele Frequency

The proportion of all copies of a genetic locus in a population that are of a particular allele variant.